Windsor Management Corp. buys NoMad office building for $59M

Seller of 44 East 32nd Street is Basset Properties

New York /
Dec.December 17, 2018 11:00 AM

Windsor Management’s Matthew Kiamie and 44 East 32nd Street (Credit: Google Maps)

Basset Properties sold the NoMad home of The Cutting Room music venue for $59 million.

Windsor Management Corporation picked up the 12-story building at 44 East 32nd Street, Commercial Observer reported.

“We plan to add value to the building through strategic capital improvement and high-end tenants build-outs,” Windsor Management COO and vice president Matthew Kiamie told the publication.

The deal was first reported on the Traded NY Instagram page.

Newmark Knight Frank’s Paul Davidson, Roy Lapidus, David Noonan, Jennifer Schwartzman and William Lee represented Basset in the sale, while LSL Advisors’ Daniel Lolai negotiated on behalf of Windsor.

Daniel Lolai

Basset bought the 91,111-square-foot building, which was built in 1916, for $510,000 in 1980. The property is 92 percent leased to tenants such as Urban Office, Top Notch Graphics and RPG Media Services.

The Cutting Room – co-founded by “Sex and the City” actor Chris Noth – has been a tenant in the ground floor space since 2013. [CO] – Rich Bockmann


Related Articles

arrow_forward_ios
Freshly CEO Michael Wystrach and 28 East 28th Street (Photos via Twitter; Google Maps)
Freshly inks big lease in NoMad
Freshly inks big lease in NoMad
From left: Isaac Zion with JMC Holdings' Matthew Cassin (left) and David Taylor (right) (Photos via SL Green; JMC)
Former SL Green exec Isaac Zion joins Acram Group
Former SL Green exec Isaac Zion joins Acram Group
(Photo illustration by The Real Deal)
Inside mall owner Namdar’s rapid growth story
Inside mall owner Namdar’s rapid growth story
15 Park Row (Google Maps)
J&R Music founders sell Park Row apartment tower for $140M
J&R Music founders sell Park Row apartment tower for $140M
Claudio Del Vecchio has owned Brooks Brothers since 2001. (Getty)
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Gov. Andrew Cuomo (Getty)
Industry reacts to Cuomo’s proposed commercial eviction ban
Industry reacts to Cuomo’s proposed commercial eviction ban
Merchants Hospitality Inks Club Deal at Cachet Hotel (Google Maps, Playboy Club)
Nightlife veteran John Blair inks deal for Hell’s Kitchen club
Nightlife veteran John Blair inks deal for Hell’s Kitchen club
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...